The characteristics of network formation of multiwall carbon nanotubes (MWCNTs) inside ethylene–octene copolymer (EOC) melts under an alternating current (AC) electric field and the resulting electrical conductivity improvements are studied by combining dynamic and steady state resistivity measurements. Fine MWCNT dispersion during melt compounding of the samples is accomplished by means of a novel non-specific, non-covalent functionalization method. It is found that the electrified composite films exhibit nanotube assembly into columnar structures parallel to the electric field, accompanied by dramatic increases in electrical conductivity up to eight orders of magnitude. Experimentally acquired resistivity data are used to derive correlations between the characteristic insulator-to-conductor transition times of the composites and process parameters, such as electric field strength (E), polymer viscosity (η) and nanotube volume fraction (?). Finally, a criterion for the selection of (η, E, C) conditions that enable MWCNT assembly under an electric field controlled regime (i.e., minimal Brownian motion-driven aggregation effects) is developed. The correlations presented herein not only provide insights in the MWCNT assembly process, but can also guide the experimental design in future studies on electrified composites or assist in the selection of process parameters in composites manufacturing.